Emerging Risk In International Banking (rle Banking & Finance): Origins of Financial Vulnerability in the 1980s by P N SnowdenEmerging Risk In International Banking (rle Banking & Finance): Origins of Financial Vulnerability in the 1980s by P N Snowden

Emerging Risk In International Banking (rle Banking & Finance): Origins of Financial Vulnerability…

byP N SnowdenEditorP N Snowden

Hardcover | May 25, 2012

Pricing and Purchase Info

$162.98 online 
$196.88 list price save 17%
Earn 815 plum® points

Prices and offers may vary in store

Quantity:

In stock online

Ships free on orders over $25

Not available in stores

about

Global payments imbalances and the rise of emerging economies provide the background to this analysis of risk exposure and near-insolvency at the world's major banks.Emerging Riskwas published in 1985, three years after the first international banking crisis of the post-War era, but prior to resolution after 1989 of the underlying sovereign debt overhang. With episodes of international financial instability punctuating the following quarter century until the Lehman collapse of 2008, this re-issue will contribute to the historical perspective on modern diagnoses of policy weakness and financial sector excess that is clearly needed. Whereas OPEC price increases in the 1970s were a source of the earlier global imbalances, Chinese surpluses and those occasioned by her rapid growth among commodity and oil producing countries are today's equivalents.Emerging Riskdocuments the earlier poor employment of surplus funds 'recycled' to Latin America, much as the failure of the USA and others to use Asian financing productively is now evident. The role of the main global banking institutions in each of these outcomes reveals common threads. As a reading ofEmerging Riskwill confirm, both the special consequences of free competition in a global banking market, and the perverse incentives inherent in the remuneration of loan officers, were clearly present in the mid-1980s. The interaction of regulation and the competitive response of banks to produce increased reliance on wholesale borrowing and lending, together with enhanced gearing, have clear echoes in modern debates over the consequences of the Basel provisions.

Multivolume collection by leading authors in the field
Loading
Title:Emerging Risk In International Banking (rle Banking & Finance): Origins of Financial Vulnerability…Format:HardcoverDimensions:156 pages, 9.21 × 6.14 × 0.98 inPublished:May 25, 2012Publisher:Taylor and FrancisLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0415529425

ISBN - 13:9780415529426

Look for similar items by category:

Reviews

Table of Contents

Acknowledgements. Introduction. 1. Changing Current Account Patterns in the 1970s 2. Global Investment 'shifts' and financing patterns 3. Outward-looking policies in an inward-looking world: the cases of Brazil and Chile 4. Financial intermediation, maturity transformation and inter-bank activity 5. Credit markets, loss risk and the forces of expansion 6. Bank balance sheet adjustment in a competitive environment 7. Conclusion: Some possible policy options. Index.